Anthropic plans to take out loans totaling more than $10 billion ahead of an IPO

Anthropic (NASDAQ:ANTP) is preparing to increase its revolving credit facility beyond its original target as it readies for an initial public offering of its shares, according to a Bloomberg News report.

The company plans to raise the revolving credit facility to more than $10 billion, a significant increase from the $2.5 billion five-year credit facility that Anthropic secured last year with the participation of several major banks. Talks are ongoing, and the company may decide to cap the revolving credit facility at the target level or even reduce it below that level, sources said.